• Broker Sam Farnum 3019619696 x 216

7-Eleven 602 S Philadelphia Blvd 2,940 SF Retail Building Aberdeen, MD 21001 $2,194,036 ($746.27/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 7-Eleven has made a Long Term Commitment to this location with 4 additional 5-year options remaining.
  • Long Term Upside (15% rent escalations at each remaining 5-year renewal)
  • Gas & Convenience Store

EXECUTIVE SUMMARY

Absolute Triple Net (NNN) 7-Eleven for Sale. Corporate Guarantee. Located in Aberdeen Maryland, adjacent to APG (Aberdeen Proving Grounds) and Phillips Army Airfield. 7-Eleven has been at this location for over 25 years; Four (4) additional 5-Year Options remain, each with 15% rent increases which is very rare. See attached Offering Memorandum for more information.

ATTACHMENTS

602 S Philadelphia Blvd 7-ELEVEN SALE (sef)

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
  • Convenience Store
  • General Retail Service Station
Convenience Store
Building Size
2,940 SF
Building Class
C
Year Built
1999
Price
$2,194,036
Price Per SF
$746.27
Cap Rate
5.50%
NOI
$120,672
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.03 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B3
Parking
20 Spaces (6.8 Spaces per 1,000 SF Leased)
Frontage
89’ on Philadelphia Blvd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 2,940 SF
  • -
  • Triple Net
  • -

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 2,940 SF - Triple Net -

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
James Avenue S Parke St, NW 1,312 2025 0.02 mi
James Avenue - 1,316 2023 0.04 mi
James Ave - 1,141 2020 0.04 mi
S Philadelphia Blvd Old Philadelphia Rd, NE 29,190 2018 0.09 mi
S Philadelphia Blvd Robinson Ave, SW 18,247 2018 0.14 mi
S Parke St Warren St, SW 891 2025 0.26 mi
South Philadelphia Boulevard - 39,019 2025 0.27 mi
Old Philadelphia Road S Philadelphia Blvd, N 4,999 2025 0.44 mi
Old Philadelphia Rd S Philadelphia Blvd, N 5,024 2023 0.44 mi
Rogers St - 1,970 2023 0.44 mi

NEARBY MAJOR RETAILERS

Lidl
Pat's Pizzeria
Bank of America

PROPERTY TAXES

Parcel Number 02-005522 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,797,567

PROPERTY TAXES

Parcel Number
02-005522
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,797,567

MAP

ADDITIONAL PHOTOS

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  • Listing ID: 35635408

  • Date on Market: 4/25/2025

  • Last Updated: 5/7/2025

  • Address: 602 S Philadelphia Blvd, Aberdeen, MD 21001